3 Ways to Minimize Your Tax Bill in Retirement By: Stacey Nickens You've worked hard your whole life to build up your retirement nest egg. You save for healthcare expenses, housing renovation needs, and even a travel budget. However, as you are settling into a slower retirement lifestyle, you realize that you're paying a [...]
How could the pandemic impact Social Security and Medicare benefits? By: Stacey Nickens Traditionally, my retired clients have relied on some combination of Social Security benefits, retirement savings, and pension plans. However, Social Security has been on wobbly legs for awhile. The 2020 Social Security report showed that funds for the retirement and disability programs [...]
Social Security Tips: Medicare Premiums and Higher Incomes By: Stacey Nickens When you turn 65 and claim Medicare, a Medicare premium will be deducted from your Social Security benefit. The base premium in 2020 is $144.60; however, this premium increases as your household income increases. Your premium will be $144.60 if you as an individual [...]
Tip of the Day: Delay Taking Social Security Benefits By: Stacey Nickens In general, I encourage clients to delay taking Social Security whenever possible. Doing so can allow you to access Delayed Retirement Credits. Beginning at your Full Retirement Age, you can take Social Security without facing a penalty; however, for every year you wait [...]
On October 10, the Social Security Administration (SSA) announced that recipients will be receiving a 1.60% raise in January 2020 in the form of a cost-of-living adjustment. SSI recipients will receive their increased paychecks in December 2019. The raise is lower than the last couple of years because inflation in the third quarter (July, [...]
For those considering claiming Social Security, remember that, starting April 30, two claiming strategies will no longer be viable. The first is File and Suspend. With this strategy, you could claim spousal benefits based on Social Security. You would then immediately suspend your individual benefits, which would continue to grow until you turn 70. Your [...]
Social Security is a valuable source of retirement income that protects against inflation, market volatility, and longevity. For many, it's their only guaranteed retirement income; however, many do not think to develop a Social Security filing strategy in order to maximize their benefits. Some think, I can  just talk to a representative with the Social Security [...]
Give us a call:
(678) 297-9500
Get Directions:
5755 North Point Pkwy #92, Alpharetta, GA 30022
